Question: Need to solve Problem 16-12 Finding Total Return [LO16-4] Assume that one year ago, you bought 240 shares of a mutual fund for $27 per
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Problem 16-12 Finding Total Return [LO16-4] Assume that one year ago, you bought 240 shares of a mutual fund for $27 per share and that you received an income dividend of $0.19 cents per share and a capital gain distribution of $0.33 cents per share during the past 12 months. Also assume the market value of the fund is now $30 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total dollar return
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